CHFJPY: Market of Sellers
Looking at the chart of CHFJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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Short
SILVER Will Go Lower! Sell!
Take a look at our analysis for SILVER.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 29.812.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 28.778 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURUSD Will Go Down! Short!
Please, check our technical outlook for EURUSD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.040.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.025 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GOLD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GOLD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 2,577.407 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the GOLD pair.
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GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 194.854 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Nightly $SPX / $SPY Predictions for 12.27.2024🔮
⏰1:00pm
Crude Oil Inventories
GAP ABOVE HPZ:
A lot of people are buying
into this rally. If we do gap up
this can trigger a mechanical
event to drop the markets
OPEN WITHIN EEZ:
Will be rough to continue higher
Once again people are buying
into this rally.
GAP BELOW HCZ:
Would trigger great hedging
but the markets will struggle
to react to it as the markets
drop, so it will hold for a little bit
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
Symmetrical triangle and downward continuationMilitary Metals currently has no clear valuation and is entirely speculative. I like their strategy (buying up antimony properties) but they have a cartoonish website and I get weird vibes from them.
In any case, the chart demonstrates a symmetrical triangle and I predict a continued downward trend in price, potentially bouncing ~30% down or more.
RSI also does not show strength, and volume is tapering down.
EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83500 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.83500 support and resistance area.
Trade safe, Joe.
AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.89750 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89750 support and resistance area.
Trade safe, Joe.
USDJPY Under Pressure! SELL!
My dear subscribers,
This is my opinion on the USDJPY next move:
The instrument tests an important psychological level 157.85
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 154.68
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURGBP: Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURGBP pair which is likely to be pushed down by the bears so we will sell!
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GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2,626.558.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,600.886 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USOIL BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USOIL pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 68.35 area.
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EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the EUR/CHF with the target of 0.929 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GME - GRAND FINALEYou can never truly understand a chart until you zoom out to the beginning and read the story the price action wrote over the years
This multidecade tug of war is about to come to an end
USDCAD Is Attempting To Break The Trend!!Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.43600 zone, USDCAD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 1.43600 support we will be looking for a potential retrace of the trend towards more downsides.
Trade safe, Joe.
GBPUSD Technical Analysis! SELL!
My dear friends,
My technical analysis for GBPUSD is below:
The market is trading on 1.2529 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2605
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CADJPY Technical Analysis! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 109.47 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 108.29
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GBPAUD: Bears Will Push Lower
Balance of buyers and sellers on the GBPAUD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EURUSD: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURUSD pair which is likely to be pushed up by the bulls so we will buy!
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USOIL Is Very Bearish! Short!
Please, check our technical outlook for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 70.339.
Taking into consideration the structure & trend analysis, I believe that the market will reach 69.359 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
NZDJPY Is Going Down! Sell!
Here is our detailed technical review for NZDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 88.668.
Considering the today's price action, probabilities will be high to see a movement to 86.980.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR/NZD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.802.
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